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What is the weighted-average contribution margin ratio

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Question - Dixie Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. The contribution margin ratio of each candle type is shown below.

Candle Type                       Contribution Margin Ratio

Birthday                                         20%

Standard tapered                            30%

Large scented                                 40%

What is the weighted-average contribution margin ratio?

If the company's fixed costs are $377,000 per year, what is the dollar amount of each type of candle that must be sold to break even?

Reference no: EM131734793

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